REIT Losses with Western International Securities, Inc. Broker David Bibo?
Posted on Wednesday, January 6th, 2021 at 12:52 am
Were you the victim of Western International Securities, Inc. broker David Bibo (CRD# 2602436)? Bibo has been registered with Western International Securities, Inc. in San Jose, California since 1997.
Bibo has been the subject of four customer complaints between 2019 and 2020, two of which were denied, according to his CRD report:
September 2020. “Misrepresentation; Unsuitable Recommendations.” The customer is seeking $300,000 in damages and the case is currently pending. The complaint is regarding real estate investment trusts (REITs).
December 2019. “Unsuitable Recommendations.” The customer is seeking $1.5 million in damages and the case is currently pending. The complaint is regarding REITs.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Western International Securities, Inc. may be liable for investment or other losses suffered by Bibo’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.